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dc.contributor.authorFalck, Oliveren_US
dc.contributor.authorHeblich, Stephanen_US
dc.date.accessioned2009-01-20en_US
dc.date.accessioned2010-05-14T11:13:59Z-
dc.date.available2010-05-14T11:13:59Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/31754-
dc.description.abstractThis paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants spawned from incumbents are not necessarily a threat; they can complement incumbents’ production by commercializing knowledge incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of endogeneity, we apply an IV approach to analyze a rich industry-level dataset (19872000) for Germany. We find evidence that entry by spinoffs does, indeed, have a positive impact on incumbent innovation.en_US
dc.language.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2008,083en_US
dc.subject.jelO3en_US
dc.subject.jelL16en_US
dc.subject.jelM13en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keywordentryen_US
dc.subject.keywordspinoffen_US
dc.subject.stwBetriebsaufspaltungen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwInnovationswettbewerben_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleIncumbent innovation and entry by spinoffen_US
dc.typeWorking Paperen_US
dc.identifier.ppn590247700en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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